Why you must conduct regular quality checks of your reporting delegate

Are you conducting regular checks of your reporting delegate?

Under ASIC’s Regulatory Guide (RG) 251, firms reporting OTC derivatives are required to make regular enquiries with their reporting delegate to ensure that the delegate continues to meet its obligations to report your trades. (ASIC Reporting Rule 2.2.7)

As a reporting entity, you also need to take all reasonable steps to ensure the completeness, accuracy and currency of the information reported. (ASIC Reporting Rule 2.2.6)

Share this Page:

Stay in the Know